The billionaire financier has reportedly bought up millions of MGM Mirage’s corporate bonds in an effort to force the casino operator into bankruptcy.

MGM Mirage’s majority stockholder is 91-year-old billionaire Kirk Kerkorian, leading Wall Street pundits to mull a high-stakes battle for control of the Strip casino giant between two financial titans.

“I will tell you this. I have absolutely no quarrel with Kirk Kerkorian,” Ichan said. “I like him, respect him. I’ve been his friend for years and we certainly … there is absolutely no merit to saying that I'm going to be in any kind of a quarrel with him.”

Ichan didn’t say much about his plans, but was not challenging Kerkorian.

“I will reiterate or repeat that I do not in any way intend to be in a fight with Kerkorian,” Icahn said.